2017-01-17 00:00:00Thought LeadershipEnglishhttps://quickbooks.intuit.com/blog/us_blog/uploads/2017/02/July-fireworks.jpghttps://quickbooks.intuit.com/blog/thought-leadership/small-business-new-years-resolutions-worth-making/Small Business New Year’s Resolutions Worth Making

Small Business New Year’s Resolutions Worth Making

2 min read

What were your business resolutions for 2016?

If you can’t remember, the problem may not be with your follow through; it may be with your goal-setting strategy. For a goal to be met, it needs to be specific, measurable, achievable, realistic and time-bound, according to George Doran, the father of S.M.A.R.T. goal setting. That means no more writing lofty dreams on scraps of paper, only to find them at the bottom of your desk drawer at the end of the year.

Every business (and business owner) has room for improvement. This year, consider making any or all of the following worthwhile small business New Year’s resolutions.

Plan Ahead

Use QuickBooks® apps to help you create and manage your plan. Apps, such as LivePlan, Float and Businest, help you budget, forecast and manage your small business cash flow. With high-performance features and easy-to-use dashboards, these apps make progress easy to track.

Get Connected

Winning, and keeping, customers can increase your top line revenue, making it possible for you to reinvest in your company, over and over again. But, you don’t want “Grow Your Business” to become one of those lofty goals that is tossed aside and lost in the daily grind. So, you have to be smart and specific about how you plan to do it.

Constant Contact, Insightly and Direct Mail Manager can make this goal more specific and part of your day-to-day routine. These tools are made to help you stay connected with email campaigns, reach new customers by direct mail or manage your customer pipeline.

Organize

Organization helps you prioritize your work so that you can focus on the most important parts of running your business.

The first step is to create a paperless office by moving your financial documents to the cloud and then integrating it with your QuickBooks with Hubdoc or SmartVault. Both apps automatically convert receipts, bills and other financial statements into QuickBooks entries, without the need for data entry or filing.

When it comes to organizing your employee’s time, TSheets helps you manage scheduling and time tracking with their app. When it comes to payroll, all you have to do is approve employee timesheets in the app and sync with QuickBooks.

Automate

Do you spend too much time doing repetitive tasks, such as daily, weekly or even monthly manual data entry? With Expensify, InvoiceSherpa and Bill.com, you no longer need to spend hours filling out expense reports, or nagging your customers to pay their bills. With their automated features, you can reclaim much of your precious time.

Do Taxes Early

Procrastination leads to problems. In the case of taxes, it can lead to expensive penalties. Luckily, you can avoid that by doing your taxes early with the help of QuickBooks apps.

Avalara offers real-time sales tax calculation and automatic return filing. Tax Planner Pro can help you minimize taxes by identifying and applying the best deductions, exclusions and exemptions. When it comes your filing 1099 and W2, eFile4Biz makes this simple by importing your QuickBooks data into the appropriate forms and e-files it with the government.

With QuickBooks apps, you can make 2017 the year you keep your resolutions through to the end. Here’s an infographic to visualize these apps.

small-bus-resol

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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